Graco 2012 Annual Report Download - page 73

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67
December 31,
2010 December 31,
2011
Segment Balance Provision Costs Incurred Balance
Home Solutions $ 2.1 $ — $ (2.1) $ —
Writing 10.5 — (8.2) 2.3
Tools 4.7 — (0.6) 4.1
Baby & Parenting 1.9 — (1.9) —
Specialty 0.7 — (0.7) —
Corporate 13.6 — (10.8) 2.8
$ 33.5 $ — $ (24.3) $ 9.2
The table below shows restructuring costs recognized for all restructuring activities for the periods indicated, aggregated by
reportable business segment (in millions):
Segment 2012 2011 2010
Home Solutions $ 7.6 $ 7.8 $ 6.6
Writing 2.4 1.9 23.7
Tools 1.0 — 7.3
Commercial Products 5.6 — 1.6
Baby & Parenting 0.9 2.4 8.1
Specialty 3.4 3.7 —
Corporate 35.2 34.3 30.1
$ 56.1 $ 50.1 $ 77.4
Cash paid for all restructuring activities included in operating activities was $48.6 million, $39.5 million and $72.8 million for
2012, 2011 and 2010, respectively.
FOOTNOTE 5
Inventories, Net
The components of net inventories were as follows as of December 31, (in millions):
2012 2011
Materials and supplies $ 126.6 $ 130.8
Work in process 109.3 105.6
Finished products 460.5 463.5
$ 696.4 $ 699.9
Inventory costs include direct materials, direct labor and manufacturing overhead, or when finished goods are sourced, the cost
is the amount paid to the third party. Cost of certain domestic inventories (approximately 54.4% and 53.3% of gross inventory
costs at December 31, 2012 and 2011, respectively) was determined by the LIFO method; for the balance, cost was determined
using the FIFO method. As of December 31, 2012 and 2011, LIFO reserves were $49.8 million and $41.9 million, respectively.
The net income (loss) recognized by the Company related to the liquidation of LIFO-based inventories in 2012, 2011 and 2010
was $4.2 million, $(0.5) million and $8.7 million, respectively.